Welcome to Operation Reach B.L.A.C.K.

Operation Reach B.L.A.C.K. is a Pan-African Blog with an acronym that stands for Building Leadership Awareness and Cultural Knowledge.

The goal of this blog is to become a "Blog of Black Thought" focusing on matters of social, economic and political awareness through education (re-education), self-affirmation and cultural expression. Above all, this blog will DEMAND respect and appreciation for one another as black men and women.

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(Opinions, Observations, and Commentary)

Saturday, December 12, 2009

President Obama's Weekly Address (12/12/09)

President And Mrs. Obama Return From Nobel Prize Ceremony In Norway

In this week's Address, President Obama focused his attention on the need to pass financial regulations in the wake of political and business shortcomings from Washington and Wall Street. Urging swift legislative action, the President decried Republican opposition and congressional enablers who pose a threat to financial reform:

"Just this week, Republican leaders in the House summoned more than a hundred key lobbyists for the financial industry to a pep rally and urged them to redouble their efforts to block meaningful financial reform."

The President continued:

"The special interests and their agents in Congress claim that reforms like the Consumer Financial Protection Agency will stifle consumer choice and that updated rules and oversight will frustrate innovation in the financial markets. But Americans don't choose to be victimized by mysterious fees and changing terms and pages and pages of fine print. And while innovation should be encouraged, risky schemes that threaten our entire economy should not. We can't afford to let the same phony arguments and bad habits of Washington kill financial reform and leave American consumers and our economy vulnerable to another meltdown."




Video: Perspective Piece